January 28, 2022
Net income jumped 49% to $517,801,000 in the fiscal third quarter ended Dec. 31, up from 347,240,000, as revenues expanded by 22% to $3,624,384,000 from $2,971,541,000 including a 17% improvement in DTC, 13% growth from wholesale and a $193.2 million contribution from Supreme.
The ammunition maker’s sales increased 15% to $390.6 million in the final quarter from $340.6 million, sending operating income at the Olin segment up more than twofold to $101.8 million from $44.8 million in Q4 ’20.
Adding to the many pending product liability and shareholder lawsuits facing the connected fitness company, a former inside sales representative has sued in SDNY federal court, accusing PTON of violating the Fair Labor Standards Act and NY state labor law.
Brooks Sports’ CEO has written a book on his life journey and career leading the running brand, set for release on Apr. 26.
The Bentonville, AR-based headwear maker promoted chief sales officer, Jeanelle Harris to president, succeeding Jim Haworth, who is leaving to take a position outside the industry.